DEI vs HPP: Correlation
Measured on weekly returns over the past three years, Douglas Emmett, Inc. (DEI) and Hudson Pacific Properties, Inc. (HPP) carry a correlation of 0.66, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DEI and HPP?
Over the past 3 years, DEI and HPP moved with a correlation of 0.66, which is strong. Recent behaviour matches the longer record: 0.67 over 1 year against 0.66 over 3. Over 5 years the correlation is 0.71, and the annualized covariance of weekly returns is 1526.4 %².
Within DEI's tracked universe of 24 assets, HPP comes in at #12 by 3-year correlation. The trailing year gives DEI the advantage: -21.1% versus -32.2%, a 11.1-point spread. Risk is not evenly split, since HPP carries 1.8 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
DEI vs HPP: side by side
| DEI (Douglas Emmett, Inc.) | HPP (Hudson Pacific Properties, Inc.) | |
|---|---|---|
| 1-year return | -21.1% | -32.2% |
| 5-year return | -52.6% | -91.3% |
| Volatility (ann.) | 35.7% | 64.7% |
| Beta vs S&P 500 | 0.99 | 1.35 |
| Max drawdown (3Y) | -51.8% | -91.7% |
| Market cap | $2.4B | $1.5B |
| P/E (trailing) | – | – |
| Dividend yield | 6.35% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DEI | HPP |
|---|---|---|
| 2022 | -50.9% | -57.9% |
| 2023 | -1.9% | +1.9% |
| 2024 | +34.6% | -66.9% |
| 2025 | -37.5% | -48.9% |
| 2026 | +12.1% | +25.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DEI and HPP good diversifiers for each other?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DEI and HPP?
The DEI/HPP correlation stands at 0.66 on a 3-year window (1 year: 0.67, 5 years: 0.71), computed from weekly returns as of 2026-08-27.
Is HPP a good diversifier for DEI?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.66 mean?
On the −1 to +1 scale, 0.66 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dei-vs-hpp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dei-vs-hpp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DEI correlations · HPP correlations
